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Article 16
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A securities broker shall collect commissions from the principal according to a published fee schedule, and may not offer part or all of any commission as compensation to the referring person connected with the principal's trade.
Securities brokers accepting trading orders or acting on behalf of others to trade securities through margin purchases or short sales shall handle such trades in accordance with the Regulations Governing Margin and Stock Loans by Securities Firms, the Rules Governing Securities Finance Enterprises, the Operating Rules for Securities Firms Dealing with Margin Purchases and Short Sales, or the Operating Rules for Securities Financing Enterprises Dealing with Margin Loans and Short Sales.
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